A. Capital
B. Business
C. Drawings
D. All of them
0
Obligation of the Business are known as___________?
0
Discount received is a/an:
A. Liabilities
B. Revenues
C. Expenses
D. Assets
1
Double entry means______________?
A. Asset
B. Expense
C. Liability
D. Revenue
0
The person to whom goods are sold on credit is called___________?
A. Entry in two sets of books
B. Entry at two ends
C. Entry at two dates
D. Entry for two aspects of the transaction
0
Modern system of book keeping is called______________?
A. Buyer
B. Seller
C. Debtor
D. Creditor
0
Goods Return by the customer are termed as :
A. Double entry system
B. American system
C. Single entry system
D. Italic system
0
The maintenance of accounts in a systematic way is called__________?
A. Purchase return
B. Customer return
C. Sales return
D. Inventory return
0
An Art of reading, classifying & Summarizing of accounts in a systematic way is called__________?
A. Accounting
B. Reading
C. Book Keeping
D. Auditing
0
A systematic way to maintain the books of accounts is called_________?
A. Accounting
B. Accountancy
C. Auditing
D. Book Keeping
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